The transaction information is sourced from an SEC filing published on May 29, 2025. The specific form type was not disclosed in the available materials. As of the publication date, the deal remains pending regulatory approval and has not yet closed.
On the financial advisory side, Cain Brothers, a division of KeyBanc Capital Markets, served as the exclusive financial advisor to Streamline Health Solutions and rendered a fairness opinion to its Board of Directors in this capacity. No financial advisors to MDaudit were identified in the available materials.
Legal representation was split as follows. Goodwin Procter, LLP served as legal counsel to MDaudit, the acquirer. Troutman Pepper Locke LLP served as legal counsel to Streamline Health Solutions, the target.
The transaction is structured as a merger with an aggregate disclosed value of $37.4 million. No details regarding the composition of consideration, whether cash, stock, debt, or any combination thereof, have been disclosed. The specific terms, conditions, and mechanics of the transaction structure are not detailed in the available materials.
Several material aspects of this transaction remain undisclosed or unknown. The expected closing date has not been provided. The specific consideration structure and any breakdown between cash and equity components is not disclosed. The regulatory bodies whose approval is required and the current status of those approvals remain unspecified. Additionally, the form type of the SEC filing from which this information is sourced was not identified.